Refinance for Recreational Property

Loan Priority

1st Mortgage

Loan Amount

$1,230,000

Loan to Value (LTV)

60%

Loan Purpose

The borrower was looking to refinance an existing first mortgage on a recreational property sitting on a 50-acre parcel. The challenge was to restructure the property’s debt while providing the flexibility needed to support operations. We provided a customized financing solution secured by the property, allowing the borrower to refinance the existing debt and improve their overall financial position. The additional flexibility supported ongoing operations and future growth, with a transition to traditional institutional financing planned as part of the exit strategy.

Location

Simcoe, ON